(News Bulletin 247) – Management had indicated that turnover would be down compared to last year, recalls the analyst in his study of the day.
‘ This decline is more limited than expected (-9% vs -19% expected), particularly in the Games business (-1% vs -21% expected). Above all, the management reiterates the 2023/24 objectives and confirms the game release schedule, in particular for Robocop which will be the main contributor to the 2O23/24 results after the delay of Test Drive Unlimited ‘indicates Invest Securities.
‘If the title should rebound this morning, the very strong undervaluation can only be erased in the event of the commercial success of one of the new games (Robocop), ending the series of commercial failures (Gollum, Steelrising, Blood Bowl 3)’ adds the analysis office.
Invest Securities confirms its advice to buy the stock with an unchanged price target at 3.8 E.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
